I think PSNY is a good buy.
Here is some knowledge for all of the regards who have no idea who PSNY is good luck boy
So PSNY better known as POLESTAR is the EV baby of VOLVO. They got spun off and was basically released from them in early 2024 since Volvo said they were positioned for growth. Okay enough with the fucking history lesson…
The stock has been floating at around $1 USD after being around the $0.70 mark at the end of last month. So they are seeing some positive movement already in the last couple of weeks. This is just due to it being undervalued overall and a correction from what I can tell.
As of last week they finally broke above there SMA50 and are showing some signs of a recovery. This is good news for a longer look as they should be able to hold at this $1 mark and not need to deal with delisting.
They are expanding into new market and their finances are finally in order. Previously they had some problems with delivering EPS etc but they are now closing the gap on their burn rate and looking towards positivity.
The company while not selling a large volume of cars is under valued for the number of cars they sell at the current price point. TSLAs price per car is great than a 5X value while PSNY is less than 1/2X that. Okay I know TSLA is awesome so that’s why the price per expect sales is so high… well LCID is at 2 1/2X and they haven’t been doing so hot so once again this company is undervalued for what they are performing.
TLDR stock seems undervalued and is cheap so buy stock and see go up
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